Truist Financial Corp Raises Stock Position in The Progressive Corporation $PGR

Truist Financial Corp boosted its position in shares of The Progressive Corporation (NYSE:PGR) by 3.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 467,749 shares of the insurance provider’s stock after acquiring an additional 13,963 shares during the period. Truist Financial Corp owned 0.08% of Progressive worth $115,511,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. DSG Capital Advisors LLC lifted its holdings in shares of Progressive by 60.1% during the 3rd quarter. DSG Capital Advisors LLC now owns 3,092 shares of the insurance provider’s stock valued at $764,000 after purchasing an additional 1,161 shares during the last quarter. Little House Capital LLC increased its position in Progressive by 3.0% during the 3rd quarter. Little House Capital LLC now owns 6,193 shares of the insurance provider’s stock valued at $1,529,000 after buying an additional 183 shares in the last quarter. Pines Wealth Management LLC raised its stake in Progressive by 9.5% in the third quarter. Pines Wealth Management LLC now owns 1,347 shares of the insurance provider’s stock valued at $333,000 after buying an additional 117 shares during the last quarter. Clarus Group Inc. boosted its holdings in Progressive by 5.5% in the third quarter. Clarus Group Inc. now owns 2,929 shares of the insurance provider’s stock worth $723,000 after acquiring an additional 153 shares in the last quarter. Finally, Yarger Wealth Strategies LLC grew its stake in shares of Progressive by 5.0% during the third quarter. Yarger Wealth Strategies LLC now owns 1,545 shares of the insurance provider’s stock worth $382,000 after acquiring an additional 73 shares during the last quarter. 85.34% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Steven Broz sold 1,345 shares of the business’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $228.29, for a total value of $307,050.05. Following the completion of the transaction, the insider directly owned 27,698 shares in the company, valued at $6,323,176.42. The trade was a 4.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO John P. Sauerland sold 5,000 shares of the firm’s stock in a transaction on Friday, November 28th. The shares were sold at an average price of $228.48, for a total transaction of $1,142,400.00. Following the sale, the chief financial officer owned 223,024 shares in the company, valued at approximately $50,956,523.52. This represents a 2.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 13,788 shares of company stock valued at $3,018,961. Insiders own 0.33% of the company’s stock.

Progressive Stock Performance

NYSE PGR opened at $212.94 on Thursday. The firm has a market capitalization of $124.87 billion, a P/E ratio of 11.68, a PEG ratio of 1.27 and a beta of 0.34. The stock has a 50-day simple moving average of $220.33 and a two-hundred day simple moving average of $231.34. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.29 and a current ratio of 0.29. The Progressive Corporation has a fifty-two week low of $198.50 and a fifty-two week high of $292.99.

Progressive Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Investors of record on Friday, January 2nd were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.2%. The ex-dividend date was Friday, January 2nd. Progressive’s dividend payout ratio (DPR) is currently 2.19%.

Analyst Ratings Changes

Several brokerages recently commented on PGR. Barclays raised shares of Progressive from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $257.00 to $265.00 in a research report on Thursday, January 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Progressive in a research note on Monday, December 29th. Jefferies Financial Group reissued a “hold” rating on shares of Progressive in a research report on Wednesday, December 17th. Hsbc Global Res lowered Progressive from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. Finally, HSBC set a $259.00 price target on Progressive and gave the company an “underperform” rating in a research note on Monday, November 17th. Seven analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Progressive has a consensus rating of “Hold” and an average price target of $259.39.

Progressive News Roundup

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Q4 results beat expectations: Progressive reported stronger-than-expected quarterly earnings and revenue, driven by higher premiums and improved underwriting performance (reported combined ratio ~87%), supporting margin resilience. Progressive (PGR) Q4 Earnings and Revenues Top Estimates
• Positive Sentiment: Analyst upgrade: A recent analysis upgraded PGR to “Buy,” citing de?risked valuation (~12x earnings), disciplined underwriting, and a favorable outlook on margins despite slower premium growth. Progressive: Margin Fears Are Overdone (Upgrade)
• Neutral Sentiment: CFO succession announced: Longtime CFO John Sauerland will retire July 3, 2026; Chief Strategy Officer Andrew Quigg is named successor and will work with Sauerland for a staged handover — the plan signals internal continuity but still introduces leadership change. Progressive Announces Plans For CFO Transition
• Negative Sentiment: Conflicting analyst view: Zacks issued a downgrade to “strong sell” earlier, creating some opposing short?term pressure and mixed analyst signals for investors to weigh. Zacks downgrade / TickerReport
• Negative Sentiment: Notable insider selling highlighted in third?party trackers may concern some investors, though the company attributes the CFO change to retirement and has an internal successor lined up. The Progressive Corporation Announces Retirement of CFO John Sauerland, Successor Named

Progressive Profile

Progressive Corporation is a large U.S.-based property and casualty insurer that primarily underwrites personal auto insurance along with a broad suite of related products. Its offerings include coverage for private passenger automobiles, commercial auto fleets, motorcycles, boats and recreational vehicles, as well as homeowners, renters, umbrella and other specialty P&C products. Progressive also provides claims handling, risk management and related services to individual and commercial policyholders.

The company distributes its products through a mix of direct channels—online and by phone—and an extensive independent agent network.